The Bank of England’s lifeboat is in choppy waters with its bond buying
by Phillip Inman from on (#64KKF)
Pensions hedging crisis shows how the City never seems equipped to handle the next big financial hazard
Pension funds have found themselves embroiled in a byzantine world of exotic financial trading that many of them appear to have badly misunderstood.
On Tuesday, a third rescue mission in little more than a fortnight was announced by the Bank of England, which is reprising its role in the 2008 financial crisis as the City's lifeboat.
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